NFE vs. IYW
Compare and contrast key facts about New Fortress Energy Inc. (NFE) and iShares U.S. Technology ETF (IYW).
IYW is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Technology Index. It was launched on May 19, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NFE or IYW.
Performance
NFE vs. IYW - Performance Comparison
Returns By Period
In the year-to-date period, NFE achieves a -73.72% return, which is significantly lower than IYW's 29.81% return.
NFE
-73.72%
17.19%
-60.66%
-73.09%
-6.06%
N/A
IYW
29.81%
3.42%
12.51%
35.96%
24.21%
20.63%
Key characteristics
| NFE | IYW | |
|---|---|---|
| Sharpe Ratio | -1.18 | 1.70 |
| Sortino Ratio | -2.27 | 2.23 |
| Omega Ratio | 0.72 | 1.30 |
| Calmar Ratio | -0.86 | 2.23 |
| Martin Ratio | -1.53 | 7.71 |
| Ulcer Index | 47.66% | 4.66% |
| Daily Std Dev | 62.20% | 21.16% |
| Max Drawdown | -85.37% | -81.89% |
| Current Drawdown | -82.17% | -1.36% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Correlation
The correlation between NFE and IYW is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
NFE vs. IYW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for New Fortress Energy Inc. (NFE) and iShares U.S. Technology ETF (IYW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
NFE vs. IYW - Dividend Comparison
NFE's dividend yield for the trailing twelve months is around 4.10%, more than IYW's 0.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NFE New Fortress Energy Inc. | 4.10% | 10.46% | 0.94% | 1.66% | 0.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IYW iShares U.S. Technology ETF | 0.31% | 0.40% | 0.50% | 0.31% | 0.56% | 0.72% | 0.91% | 0.82% | 1.13% | 1.12% | 1.13% | 1.06% |
Drawdowns
NFE vs. IYW - Drawdown Comparison
The maximum NFE drawdown since its inception was -85.37%, roughly equal to the maximum IYW drawdown of -81.89%. Use the drawdown chart below to compare losses from any high point for NFE and IYW. For additional features, visit the drawdowns tool.
Volatility
NFE vs. IYW - Volatility Comparison
New Fortress Energy Inc. (NFE) has a higher volatility of 20.00% compared to iShares U.S. Technology ETF (IYW) at 6.38%. This indicates that NFE's price experiences larger fluctuations and is considered to be riskier than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.